IESBA ED

Proposed Revisions to Part 4B of the Code of Ethics


Professional & Ethical


The International Ethics Standards Board for Accountants (IESBA) is consulting on its Exposure Draft (ED), Proposed Revisions to Part 4B of the Code to Reflect Terms and Concepts Used in ISAE 3000 (Revised)

Have a look

The ED proposes:

  • Changes in key terminology, including a revised definition of the term “assurance client”;
  • Enhanced and clarified independence requirements for attestation engagements;
  • Clarification of the types of assurance engagement addressed in Part 4B; and
  • Simplified guidance on assurance engagements that refer to the definitive source of explanatory material on such engagements in IAASB literature.

The proposals were developed in close cooperation with representatives of the International Auditing and Assurance Standards Board, as part of the coordination programme of the two standard-setting boards.


Commenting on the Proposal

You can respond directly to the IESBA by 26 June 2019, or you can use the secure upload form below to share your views with the NZAuASB by 31 May 2019.

This is an important opportunity for you to have your say about these international proposals.

The NZAuASB’s strategic objective is to adopt international ethics standards. Generally, once a standard has been issued by the IESBA, the NZAuASB then issues the New Zealand equivalent standard. This is usually without further consultation, unless compelling reasons have been identified to amend the standard for use here in New Zealand.

The NZAuASB will consider all feedback when submitting its response to the IESBA.


Upload your submission here

Please use this secure online form.

It has been designed to make your upload safe, quick and easy. 

You can:

  • Upload an MS Word document (and a PDF file, if you wish); or
  • Write your comments below in the space provided.

You can upload up to TWO documents. 

Please note:

  • We would appreciate receiving a copy of your comments in electronic form (preferably Microsoft Word format).  This helps us to more efficiently collate and analyse comments. Please also specify the exposure draft number and title in your electronic file. 

  • Tell us on whose behalf you are making the comments (for example on behalf of a group or an entity).

  • We intend publishing all comments on the XRB website, unless they may be defamatory. If you have any objection to this, we will not publish them. However, they will remain subject to the Official Information Act 1982 and, therefore, may be released in part or in full. The Privacy Act 1993 also applies.

  • If you have an objection to the release of any information contained in your comments, we would appreciate you identifying the parts of your comments to be withheld, and the grounds under the Official Information Act 1982 for doing so (for example, that it would be likely to unfairly prejudice the commercial position of the person providing the information).